What is the secret to successful discovery of the best growth stocks? Well it is a simple secret, one that doesn't require a crystal ball or psychic powers, all you need to look for are stocks with high predicted earnings.

With the amazing start the stock market had in 2007, investors have a better wealth-building opportunity than they've had in fifty years. Right now, the economy is in the middle of its second-longest expansion since Reagan's presidency, and the domestic market is one of the best corporate earnings environment since the 1950s, particularly because of high predicted earnings.

Investors are entering the strong time of year, when third-quarter earnings are eagerly awaited and pension funding will soon flood into the market. Investors will come flocking back after abandoning the market for this summer, and trading volume is skyrocketing. Not to mention, many private companies elect to announce new stock offerings with initial public offerings in the second half of the calendar year.

Many investors don't believe that any companies are offering a unique product, and are thus skeptical of all new companies. However, a company that is offering something truly different make an excellent growth stock. In addition, many foreign companies and value stocks are underpriced, and companieswith high predicted earnings will almost always see their stocks perform well.

Why do investors pay so much attention to high predicted earnings? Stock prices can rise in anticipation of good earnings. If you follow analysts' predictions and are aware which stocks are likely to increase in value, buying those stocks at a lower price gives you a quick return.

Profit taking is something to be wary of when buying stocks. This happens when a large number of investors sell their shares in a particular stock to capture profits after it climbs in price. Stocks with high predicted earnings will experience profit taking right after earnings season. Because of this, it is better to buy stocks in the three to four week period before earnings are released because the price typically climbs during this pre-announcement time.

While some investors love to do the homework and research required to find stocks that analysts expect to soar on their own, many others prefer to use a financial advisory service. Either can work for investors, provided they remember to listen to their risk tolerances and to allocate their portfolio appropriately.